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Woori Bank to provide 110 billion won in financing for SME smart factories

Woori Bank said on Jan. 27 it signed an agreement with Samsung Electronics, the Korea Federation of SMEs and the Korea Technology Finance Corp to support small and midsize companies building smart factories. Under the deal, Woori will contribute 2 billion won to Kibo and provide about 110 billion won in loans backed by guarantees, along with fee reductions and loan-rate discounts. Partners will also assist promotion and support sales channels.